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ACC 556 WEEK 1 CHAPTER 2 HOMEWORK

ACC 556 WEEK 1 CHAPTER 2 HOMEWORK

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·       QUESTION 1

1 out of 1 points
 
 
 
Cash and supplies are both classified as current assets.

 
 
 
 
 
 
 
·       QUESTION 2

1 out of 1 points
 
Earnings per share measures the net income earned on each share of common stock.

 
 
 
 

 
 
 
·       QUESTION 3

0 out of 1 points
 
 
 
Net cash provided by operating activities takes into account that a company must invest in capital expenditures just to maintain its current level of operations.

 
 
 
 
 
 
 
·       QUESTION 4

0 out of 1 points
 
 
 
In order for information to be relevant, it must be reported on a monthly basis.

 
 
 
 
 
 
 
·       QUESTION 5

1 out of 1 points
 
 
 
For accounting purposes, business transactions should be kept separate from the personal transactions of the stockholders of the business.

 
 
 
 
 
 
 
·       QUESTION 6

1 out of 1 points
 
 
 
In a classified balance sheet, assets are usually classified as

 
 
 
 
.

 

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